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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (98792)	10/14/2008 10:21:13 PM
From: bart13	3 Recommendations Respond to of 110194

bart, can you explain? they bought it so they can dump it? Yes, you could say that although I'd prefer it be stated as they buy & sell in order to help manipulate and control the gold price. Volcker said it well, as have others: "It was probably a mistake to allow gold to rise so high." "Joint intervention in gold sales to prevent a steep rise in the price of gold, however, was not undertaken. That was a mistake." -- Paul Volcker, ex Federal Reserve Chairman in looking back at the rise of gold from $35 to $850 during the 1970s, per "Paul Volcker: The Making of a Financial Legend" by Joseph B. Treaster